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Stock impact report

Oil falls after U.S. stockpiles swell for fourth straight week [MSN Money]

CME Group Inc. - Class A (CME) 
Last cme group inc. - class a earnings: 4/29 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: investor.cmegroup.com
Company Research Source: MSN Money
(Bloomberg) -- Oil posted the biggest decline in two months after U.S. government data showed expanding crude stockpiles. Futures fell 3 percent in New York on Wednesday. Domestic crude inventories rose by more than twice the rate forecast by analysts last week, according to the Energy Information Administration. Stored supplies have been growing for four weeks, the longest streak of gains since early 2017. Stockpiles also swelled at the nation’s key storage hub in Oklahoma to the highest since June. “That’s a negative for oil prices right now, the larger-than-expected build in inventories this week,” said Rob Thummel, managing director at Tortoise, which manages $16 billion in energy-related assets. © Bloomberg    Crude has risen for two out of three sessions this week after Saudi Arabia hinted it may use its oil wealth as a weapon against any punitive measures tied to the disappearance of a prominent regime critic. The simmering diplomatic dispute occurred against th Show less Read more
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